This module allows you to analyze existing cross correlation between Yobit ClubCoin USD and Poloniex Augur USD. You can compare the effects of market volatilities on Yobit ClubCoin and Poloniex Augur and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Yobit ClubCoin with a short position of Poloniex Augur. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit ClubCoin and Poloniex Augur.

Yobit

ClubCoin on Yobit in USD

3.28

(0.01)

0.3%

Market Cap: 5.0

Poloniex

Augur on Poloniex in USD

37.61

6.06

19.21%

Market Cap: 21.3 M

Performance (%)

Timeline

Pair Volatility

Assuming 30 trading days horizon, Yobit ClubCoin USD is expected to generate 8.18 times more return on investment than Poloniex Augur. However, Yobit ClubCoin is 8.18 times more volatile than Poloniex Augur USD. It trades about 0.18 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.31 per unit of risk. If you would invest 312 in Yobit ClubCoin USD on November 13, 2017 and sell it today you would earn a total of 16 from holding Yobit ClubCoin USD or generate 5.13% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit ClubCoin and Poloniex Augur

-0.36

Parameters

Diversification

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Yobit ClubCoin USD and Poloniex Augur USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Poloniex Augur USD and Yobit ClubCoin is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Yobit ClubCoin USD are associated (or correlated) with Poloniex Augur. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Poloniex Augur USD has no effect on the direction of Yobit ClubCoin i.e. Yobit ClubCoin and Poloniex Augur go up and down completely randomly.